Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-28

American Woodmark (AMWD)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,886,047
M. Scott Culbreth total, FY2025
20th
CEO pay percentile vs peers
88.6:1
CEO-to-median pay ratio
96.94%
Say-on-pay support, latest vote
Companies that benchmark against AMWD
13 companies name AMWD as a compensation peer

Each company listed discloses AMWD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AMWD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
M. Scott Culbreth$957,577$0$3,208,446$0$696,350$0$23,674$4,886,047
President and Chief Executive Officer
Paul Joachimczyk520,0040749,1780236,342061,7131,567,237
Senior Vice President and Chief Financial Officer
Robert Adams498,6160529,8510230,361020,2671,279,095
Senior Vice President and Chief Manufacturing & Supply Chain Officer
Dwayne Medlin401,5460354,3230148,412028,669932,950
Senior Vice President
William Waszak396,3540351,7840141,736021,476911,350
Senior Vice President Chief Information Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
M. Scott Culbreth$4,886,047$6,780,834$4,563,670−1,894,787
Paul Joachimczyk1,567,2372,457,0931,520,153−889,856
Robert Adams1,279,0952,398,547−1,119,452
Dwayne Medlin932,9501,679,377−746,427
William Waszak911,350

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William WaszakPSU2024-06-01$351,784
Paul JoachimczykPSU2024-06-01749,178
Robert AdamsPSU2024-06-01529,851
Dwayne MedlinPSU2024-06-01354,323
M. Scott CulbrethPSU2024-06-013,208,446
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Waszak$0$351,784$0100.0%
Paul Joachimczyk0749,1780100.0%
Robert Adams0529,8510100.0%
Dwayne Medlin0354,3230100.0%
M. Scott Culbreth03,208,4460100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Robert AdamsOption10,26077.19
William WaszakPSU3,420201,780
Robert AdamsPSU3,420201,780
Dwayne MedlinPSU3,420201,780
Robert AdamsPSU12,969765,171
William WaszakRSU1,47086,730
Paul JoachimczykOption10,26077.19
Robert AdamsPSU2,144126,496
M. Scott CulbrethPSU26,4881,562,792
Paul JoachimczykPSU11,420673,780
M. Scott CulbrethPSU6,840403,560
Robert AdamsPSU5,856345,504
Robert AdamsRSU4,564269,276
Dwayne MedlinPSU3,531208,329
Dwayne MedlinPSU1,881110,979
Paul JoachimczykRSU4,666275,294
Paul JoachimczykPSU3,420201,780
Paul JoachimczykPSU3,204189,036
Dwayne MedlinPSU2,127125,493
M. Scott CulbrethPSU4,531267,329
M. Scott CulbrethRSU20,6461,218,134
Paul JoachimczykPSU6,054357,186
William WaszakPSU1,886111,274
Dwayne MedlinRSU1,46686,514
Robert AdamsRSU3,119184,036
M. Scott CulbrethPSU45,6732,694,707
Paul JoachimczykRSU4,718278,362
Dwayne MedlinRSU3,098182,767
M. Scott CulbrethOption20,52077.19
Dwayne MedlinOption10,26077.19
William WaszakOption10,26077.19
William WaszakPSU3,647215,173
M. Scott CulbrethRSU6,597389,238
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation provided to our senior leaders is driven by the following principles: Aligned with shareholders - Compensation should align directly with the long-term interests of our shareholders. Our leaders are expected to be long-term shareholders. Performance-Based - Compensation should be based on financial, operational, and cultural goals. The goals should be challenging, but achievable, in light of expected market conditions. Company Focused - Our leaders' contributions to the overall performance of the business are more important than their individual performance. This rewards strong teamwork and alignment. Simple Design - Our compensation plan should be easy to understand, measure, and communicate. Properly Balanced Compensation Components - The elements of the compensation plan should properly balance short- and long-term pay, fixed and variable components, and quantitative and qualitative measures. Competitive Pay - Overall target compensation should be competitive (market median) compared to similar roles at peer group companies to ensure we are able to attract, retain, and motivate excellent leaders.

CEO STI target (% of salary)120%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20222022-08-1814,173,620447,62536,11596.94%Passed
20202020-08-2014,581,979174,993254,38998.81%Passed
20192019-08-2214,216,529256,321244,33298.23%Passed
20182018-08-2312,978,596209,697170,65498.41%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20222022-08-1896.94%a
20202020-08-2098.81%b
20192019-08-2298.23%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)88.6 : 1
CEO total compensation$4,886,047
Median employee compensation$55,268
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Vance W. TangIndependent$210,000$130,465$0$0$0$340,465
Daniel T. HendrixIndependent105,000130,465000235,465
David A. RodriguezIndependent100,000130,465000230,465
Emily C. VidettoIndependent92,500130,465000222,965
Philip D. FracassaIndependent85,000130,465000215,465
Andrew B. CoganIndependent85,000130,465000215,465
Latasha M. AkomaIndependent85,000130,465000215,465
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$130,465
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline5x annual cash retainer ($425,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$762,500
Equity awards (grant-date value)$913,255
All other compensation$0
Total cost of the board$1,675,755

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

PATK Patrick Industries, Inc.MBC MasterBrand, Inc.HLMN Hillman Solutions Corp.APOG Apogee Enterprises, Inc.AWI Armstrong World Industries, Inc.TREX Trex Company, Inc.JELD JELD-WEN Holding, Inc.FBIN Fortune Brands Innovations, Inc.MLKN MillerKnoll, Inc.SCS Steelcase Inc.WMS Advanced Drainage Systems, Inc.GFF Griffon CorporationIBP Installed Building Products, Inc.HNI HNI CorporationSSD Simpson Manufacturing Co., Inc.ROCK Gibraltar Industries, Inc.AZEK The AZEK Company, Inc.NX Quanex Building Products Corporation
10a

Peer reciprocity

Of the companies American Woodmark names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Patrick Industries, Inc. (PATK) MasterBrand, Inc. (MBC) Hillman Solutions Corp. (HLMN) Apogee Enterprises, Inc. (APOG)34 Armstrong World Industries, Inc. (AWI) Trex Company, Inc. (TREX) JELD-WEN Holding, Inc. (JELD)35 Fortune Brands Innovations, Inc. (FBIN) MillerKnoll, Inc. (MLKN)36 Steelcase Inc. (SCS) Advanced Drainage Systems, Inc. (WMS) Griffon Corporation (GFF) Installed Building Products, Inc. (IBP) HNI Corporation (HNI)37 Simpson Manufacturing Co., Inc. (SSD) Gibraltar Industries, Inc. (ROCK)38 The AZEK Company, Inc. (AZEK) Quanex Building Products Corporation (NX)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including American Woodmark.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Fortune Brands Innovations, Inc.2025Nicholas Fink$1,275,000$6,375,002$2,124,998$249,900$10,476,545
2Steelcase Inc.2025Sara Armbruster1,031,2506,254,26602,434,37310,173,889
3HNI Corporation2025Jeffrey Lorenger1,056,7405,092,31601,787,4048,218,947
4MasterBrand, Inc.2025R. David Banyard, Jr.1,048,2695,000,00001,318,7507,428,822
5JELD-WEN Holding, Inc.2025William Christensen1,100,0002,300,8902,284,066621,4736,283,343
6MillerKnoll, Inc.2026Andi Owen1,121,5384,174,0910709,5136,139,932
7Apogee Enterprises, Inc.2026Ty Silberhorn627,3082,283,41901,208,5006,075,286
8American Woodmark2025M. Scott Culbreth957,5773,208,4460696,3504,886,047
9Gibraltar Industries, Inc.2025William Bosway908,2693,202,4400274,5004,731,001
Patrick Industries, Inc.not in coverage universe
Hillman Solutions Corp.not in coverage universe
Armstrong World Industries, Inc.not in coverage universe
Trex Company, Inc.not in coverage universe
Advanced Drainage Systems, Inc.not in coverage universe
Griffon Corporationnot in coverage universe
Installed Building Products, Inc.not in coverage universe
Simpson Manufacturing Co., Inc.not in coverage universe
The AZEK Company, Inc.not in coverage universe
Quanex Building Products Corporationnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
American Woodmark60.75%RSU 50 · PSU 50NoMeridian Compensation Partners
Advanced Drainage Systems, Inc.not disclosednot disclosednot disclosednot disclosed
Apogee Enterprises, Inc.not disclosedRSU 50 · PSU 50NoMeridian Compensation Partners, LLC (current); Willis Towers Watson (through September 2025)
Armstrong World Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Fortune Brands Innovations, Inc.14.0%PSU 50 · RSU 25 · Options 25NoWillis Towers Watson (WTW)
Gibraltar Industries, Inc.25%PSU 64 · RSU 36NoWTW
Griffon Corporationnot disclosednot disclosednot disclosednot disclosed
Hillman Solutions Corp.not disclosednot disclosednot disclosednot disclosed
HNI Corporation140%PSU 50 · RSU 50NoExequity LLP
Installed Building Products, Inc.not disclosednot disclosednot disclosednot disclosed
JELD-WEN Holding, Inc.42%PSU 50 · RSU 25 · Options 25NoPay Governance
MasterBrand, Inc.not disclosedPSU 50 · RSU 50NoWTW
MillerKnoll, Inc.not disclosedPSU 60 · RSU 40not disclosedPay Governance LLC
Patrick Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Quanex Building Products Corporationnot disclosednot disclosednot disclosednot disclosed
Simpson Manufacturing Co., Inc.not disclosednot disclosednot disclosednot disclosed
Steelcase Inc.192%PSU 60 · RSU 40Yes — rTSRCompensation Advisory Partners (CAP)
The AZEK Company, Inc.not disclosednot disclosednot disclosednot disclosed
Trex Company, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, M. Scott CulbrethDEF 14A2025-06-250000794619-25-000063Section “Summary Compensation Table” · page 1. As printed: 4,886,047. Filing ↗machine: span 397216–397225
2Section 01, Paul JoachimczykDEF 14A2025-06-250000794619-25-000063Section “Summary Compensation Table” · page 1. As printed: 1,567,237. Filing ↗machine: span 409051–409060
3Section 01, Robert AdamsDEF 14A2025-06-250000794619-25-000063Section “Summary Compensation Table” · page 1. As printed: 1,279,095. Filing ↗machine: span 421328–421337
4Section 01, Dwayne MedlinDEF 14A2025-06-250000794619-25-000063Section “Summary Compensation Table” · page 1. As printed: 932,950. Filing ↗machine: span 433581–433588
5Section 01, William WaszakDEF 14A2025-06-250000794619-25-000063Section “Summary Compensation Table” · page 1. As printed: 911,350. Filing ↗machine: span 442381–442388
6Section 03, William Waszak PSUDEF 14A2025-06-250000794619-25-000063Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r17 · c17 · span 504238–504245
7Section 03, Paul Joachimczyk PSUDEF 14A2025-06-250000794619-25-000063Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r8 · c18 · span 483864–483871
8Section 03, Robert Adams PSUDEF 14A2025-06-250000794619-25-000063Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r11 · c18 · span 490724–490731
9Section 03, Dwayne Medlin PSUDEF 14A2025-06-250000794619-25-000063Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r14 · c18 · span 497583–497590
10Section 03, M. Scott Culbreth PSUDEF 14A2025-06-250000794619-25-000063Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t36 · r4 · c6 · span 395203–395212
11Section 07, pay ratioDEF 14A2025-06-250000794619-25-000063Section “CEO Pay Ratio”. As printed: 88.6 : 1. Filing ↗machine: t64 · r1 · c2 · span 756071–756077
12Section 08, Vance W. TangDEF 14A2025-06-250000794619-25-000063Section “Director Compensation”. As printed: 340,465. Filing ↗machine: t62 · r9 · c8 · span 747842–747849
13Section 08, Daniel T. HendrixDEF 14A2025-06-250000794619-25-000063Section “Director Compensation”. As printed: 235,465. Filing ↗machine: t62 · r6 · c8 · span 742049–742056
14Section 08, David A. RodriguezDEF 14A2025-06-250000794619-25-000063Section “Director Compensation”. As printed: 230,465. Filing ↗machine: t62 · r8 · c8 · span 745914–745921
15Section 08, Emily C. VidettoDEF 14A2025-06-250000794619-25-000063Section “Director Compensation”. As printed: 222,965. Filing ↗machine: t62 · r10 · c8 · span 749776–749783
16Section 08, Philip D. FracassaDEF 14A2025-06-250000794619-25-000063Section “Director Compensation”. As printed: 215,465. Filing ↗machine: t62 · r7 · c8 · span 743981–743988
17Section 08, Andrew B. CoganDEF 14A2025-06-250000794619-25-000063Section “Director Compensation”. As printed: 215,465. Filing ↗machine: t62 · r4 · c8 · span 738180–738187
18Section 08, Latasha M. AkomaDEF 14A2025-06-250000794619-25-000063Section “Director Compensation”. As printed: 215,465. Filing ↗machine: t62 · r3 · c8 · span 736225–736232
19Section 06, 2022 voteForm 8-K2022-08-220000794619-22-000077Item 5.07 · say-on-pay result. As reported: 96.94% (votes for as printed: 14,173,620). Filing ↗
20Section 06, 2020 voteForm 8-K2020-08-210000794619-20-000069Item 5.07 · say-on-pay result. As reported: 98.81%. Filing ↗
21Section 06, 2019 voteForm 8-K2019-08-270000794619-19-000066Item 5.07 · say-on-pay result. As reported: 98.23%. Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
24Section 09b board cost (computed)ComputedcomputedCash 762,500 + equity 913,255 + all other 0 = 1,675,755, summed across the director compensation table rows.machine: formula: Σ = 1,675,755
25Fortune Brands Innovations, Inc., Section 10b CEO totalDEF 14A2026-03-300001193125-26-132105CEO total compensation as printed in Fortune Brands Innovations, Inc.'s own proxy. As printed: 10,476,545. Filing ↗machine: t134 · r4 · c31 · span 1680525–1680535
26Steelcase Inc., Section 10b CEO totalDEF 14A2025-05-280001050825-25-000082CEO total compensation as printed in Steelcase Inc.'s own proxy. As printed: 10,173,889. Filing ↗machine: span 673033–673043
27HNI Corporation, Section 10b CEO totalDEF 14A2026-03-250001140361-26-011104CEO total compensation as printed in HNI Corporation's own proxy. As printed: 8,218,947. Filing ↗machine: t142 · r2 · c25 · span 751396–751405
28MasterBrand, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170568CEO total compensation as printed in MasterBrand, Inc.'s own proxy. As printed: 7,428,822. Filing ↗machine: t227 · r3 · c44 · span 667014–667023
29JELD-WEN Holding, Inc., Section 10b CEO totalDEF 14A2026-03-120001674335-26-000050CEO total compensation as printed in JELD-WEN Holding, Inc.'s own proxy. As printed: 6,283,343. Filing ↗machine: r4 · c10 · span 2108366–2108376
30MillerKnoll, Inc., Section 10b CEO totalDEF 14A2026-08-280000066382-26-000143CEO total compensation as printed in MillerKnoll, Inc.'s own proxy. As printed: 6,139,932. Filing ↗machine: r2 · c24 · span 634666–634675
31Apogee Enterprises, Inc., Section 10b CEO totalDEF 14A2026-05-120000006845-26-000036CEO total compensation as printed in Apogee Enterprises, Inc.'s own proxy. As printed: 6,075,286. Filing ↗machine: r18 · c51 · span 853782–853791
32American Woodmark (subject), Section 10b CEO totalDEF 14A2025-06-250000794619-25-000063CEO total compensation as printed in American Woodmark's own proxy. As printed: 4,886,047. Filing ↗machine: span 397216–397225
33Gibraltar Industries, Inc., Section 10b CEO totalDEF 14A2026-04-060000912562-26-000083CEO total compensation as printed in Gibraltar Industries, Inc.'s own proxy. As printed: 4,731,001. Filing ↗machine: t256 · r4 · c11 · span 854722–854731
34Section 10a, Apogee Enterprises, Inc. reciprocityDEF 14A0000006845-26-000036Apogee Enterprises, Inc. names American Woodmark in its own disclosed peer group (read from its most recent proxy). Filing ↗
35Section 10a, JELD-WEN Holding, Inc. reciprocityDEF 14A0001674335-26-000050JELD-WEN Holding, Inc. names American Woodmark in its own disclosed peer group (read from its most recent proxy). Filing ↗
36Section 10a, MillerKnoll, Inc. reciprocityDEF 14A0000066382-26-000143MillerKnoll, Inc. names American Woodmark in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, HNI Corporation reciprocityDEF 14A0001140361-26-011104HNI Corporation names American Woodmark in its own disclosed peer group (read from its most recent proxy). Filing ↗
38Section 10a, Gibraltar Industries, Inc. reciprocityDEF 14A0000912562-26-000083Gibraltar Industries, Inc. names American Woodmark in its own disclosed peer group (read from its most recent proxy). Filing ↗